Permanent residence in Antigua and Barbuda: citizenship by investment in the country
Antigua and Barbuda are exotic islands with clear turquoise waters in the tropical Caribbean. This state is an attractive place for foreigners because of the beauty of nature, many beautiful beaches and a calm and measured life.
Therefore, lovers of yachts and comfortable rest often spend time here.
Permanent residence in Antigua and Barbuda
Since 2022, the state has had a program for obtaining citizenship by investment. And the most interesting thing is that this can be done without visiting the islands themselves.
To obtain citizenship, the applicant must meet the following requirements:
- Age over 18
- No criminal record;
- The legality of origin of funds used for investments.
If earlier there was a requirement for a mandatory five-day stay on the islands over the past five years, now this item has been canceled for an indefinite period.
To participate in the program "Citizenship by Investment" it is necessary to invest money in the country's economy. However, citizens of the following countries are not eligible for this program:
- all citizens of the CIS, except for Russians, Ukrainians and Belarusians
- North Korea
Exceptions are those who were born in these countries but emigrated before reaching the age of majority and/or retained permanent residence (permanent residence) in Canada, the United Kingdom, the United States of America, Australia, New Zealand, no later than 10 years prior to the application and do not maintain any economic ties with any country that is subject to restrictions.
There are 3 ways to deposit money:
- Buy real estate worth over $400,000;
- Contribute more than $200,000 as a donation to the State Fund;
- Invest in an existing or new business on the islands $1.5 million.
The last point about investing in a business is designed for 1 person. If there are two or more investors, then the minimum amount becomes $5 million.
You also need to pay an additional state fee:
- $50 000 dollars from the applicant;
- $50,000 for a spouse, children aged 18 to 25, and financially dependent parents over 65;
- $25,000 for children under 18.
A mandatory step is a payment for a legal check, which is carried out in order to confirm the reliability of the applicants. Its cost:
- $7.5 thousand to the applicant and spouse;
- 4 thousand dollars for each family member from 18 to 25 and over 65;
- 2 thousand dollars for a child from 12 to 18.
Citizenship by investment for large families: six or more people
Introduced during the pandemic, this lucrative offer allows citizenship through a $150,000 (USD) contribution to the University Foundation.
This amount includes state fees for 1 investor and five dependent family members. If the number of people is more, then an additional fee is paid for the rest.
Procedures such as due diligence and passport issuance fees are not included in this amount.
Thus, there are 6 stages of obtaining citizenship:
- Choosing a licensed agent (the law firm through which the application is being made)
- Preliminary check
- Signing an agreement with an agent
- Preparation of documents
- Due Diligence at Antigua and Barbuda Program Department
- Obtaining citizenship documents
These islands are very attractive and comfortable for life, but the authorities have set a very high financial barrier for those wishing to become a citizen of this country.
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The simultaneous stay of visitors in the hotel lobby not more than one person per 10 square meters of serviceable area is allowed.
Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
Meals in hotels are provided through meals delivery service to rooms upon prior order or at hotel restaurants situated inside or in open areas, provided the distance of at least 1.5 meters between seats at adjacent tables.
Not more than 4 clients are allowed to stay at the table (excluding children under 14 years old). Unless these tables are separated by a special partition;
Self-serve is not allowed.
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